WSFS Financial Corporation Stock Forecast
WSFS Financial Corporation stock upgraded to Strong Buy Candidate.
(Updated on May 03, 2024)
The WSFS Financial Corporation stock price gained 2.67% on the last trading day (Friday, 3rd May 2024), rising from $44.87 to $46.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.82% from a day low at $45.31 to a day high of $46.13. The price has risen in 7 of the last 10 days and is up by 6.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately $10.54 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $45.97, a level that may pose a second chance to hit a runner. According to fan-theory $49.79 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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WSFS Signals & Forecast
Mostly positive signals in the chart today. The WSFS Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.99 and $43.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for WSFS Financial Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $41.98 and $41.91. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, WSFS Financial Corporation finds support just below today's level at $41.98. If this is broken, then the next support from accumulated volume will be at $41.91 and $41.66.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.83 (1.82%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: $44.24 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (WSFS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WSFS Financial Corporation to open at $45.84, and during the day (based on 14 day Average True Range), to move between $44.71 and $47.43, which gives a possible trading interval of +/-$1.36 (+/-2.95%) up or down from last closing price. If WSFS Financial Corporation takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $41.98, some $4.09 (8.88%) from the current price of $46.07, our system finds the risk reward attractive.
Is WSFS Financial Corporation stock A Buy?
WSFS Financial Corporation holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.540 Strong Buy Candidate Upgraded
Predicted Opening Price for WSFS Financial Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $45.84 ( 0.510%) | $46.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.66 | 1.28 % | |
| R2 | 46.34 | 0.597 % | ||
| R1 | 46.15 | 0.174 % | ||
| Current price: | 46.07 | |||
| Support | S1 | 45.52 | -1.19 % | |
| S2 | 45.33 | -1.62 % | ||
| S3 | 45.01 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 46.07 | |||
| Support | S1 | 41.98 | -8.88% | |
| S2 | 41.91 | -9.03% | ||
| S3 | 41.66 | -9.57% |
WSFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 09, 2024 | May 24, 2024 | $0.150 | 0.326% |
| 2 | Jan 18, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.150 | 0.357% |
| 3 | Oct 23, 2023 | Nov 02, 2023 | Nov 17, 2023 | $0.150 | 0.376% |
| 4 | Jul 24, 2023 | Aug 03, 2023 | Aug 18, 2023 | $0.150 | 0.362% |
| 5 | Apr 24, 2023 | May 04, 2023 | May 19, 2023 | $0.150 | 0.461% |
FAQ
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